The Global Market for Beryllium is Projected to Reach 681.8 Thousand Kilograms by 2024

Growing Use of Beryllium in Telecom Equipment & Electronics to Foster Growth in the Beryllium Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Beryllium market. The global market for Beryllium is projected to reach 681.8 thousand kilograms by 2024, driven by the growing use of beryllium alloy in a wide range of industrial and electronic applications.

Beryllium  (Be), a silver-gray metallic element with compelling properties, is used in a broad range of applications within the aerospace, energy, defense, appliance, automotive, electronics and medical equipment industries.  Beryllium is suitable for applications requiring high levels of reliability, quality and safety and is recognized as a critical raw material in its various forms including metal, alloys, and oxides. In the automotive sector, a significant amount of beryllium is used in the form of copper, magnesium, aluminum and nickel alloys. The increasing use of electronics under-the-hood, body and exterior, interiors and cockpit will spur consumption of beryllium alloys in the automotive sector. In telecommunication industry, beryllium alloys find use in wireless, fixed and optical transmission tools such as broadband cable hubs, wireless base receiver stations and wireless network gateway equipment. Continued roll out of 4G/Wi-Fi technologies that enhance the power of mobile communications and increase Internet bandwidth are expected to drive demand for Be alloys in the sector. As Beryllium is transparent to X-rays and can withstand high levels of heat resistance, Beryllium foil is used as window in X-ray equipment and is regarded indispensible for high-resolution radiography systems such as CT scanning and mammography. Rise in imaging procedure volumes as a result of growing awareness levels and increasing incidence of chronic diseases will help drive demand for beryllium metal in the production of imaging equipment.

Beryllium consumption is poised to grow driven by advancements in automotive electronics, continuous rise in consumption of computing devices as well as emergence of novel aerospace and telecom technologies. The trend towards miniaturization of electronic products and the growing demand for low weight and high strength materials that can withstand higher stresses and operating temperatures are expected to drive demand for beryllium alloys in various industrial applications in the long term. However, environmental concerns continue to act as a key growth restraint, as exposure to beryllium particulates is known to result in conditions such as chronic beryllium disease (CBD), beryllium sensitization, and lung cancer.

As stated by the new market research report on Beryllium, the United States represents the largest market worldwide. About 65% of the global beryllium resources are located in the country. Asia-Pacific is poised to record the fastest CAGR of 8.5% over the analysis period and is expected emerge as the second leading market for beryllium worldwide, led by the robust growth in key end-use industries such as electronics, automotive, and telecommunications.

Major players in the market include American Beryllia Inc., Belmont Metals, Inc., Hunan Shuikoushan Nonferrous Metals Group Co., Ltd., IBC Advanced Alloys Corp., Materion Beryllium & Composites, Materion Corporation, Materion Performance Alloys, NGK Metals Corporation, Ningxia Orient Tantalum Industry Co., Ltd., Ulba Metallurgical Plant – UMP, and Xinjiang Xinxin Mining Industry Co., Ltd., among others.

The research report titled “Beryllium: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in Kilograms for all major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific and Rest of World. Market is also analyzed by key end-use sectors including Telecom Infrastructure/Computing, Electric Equipment & Consumer Appliances, Automotive Electronics, Aerospace & Defense, Industrial Components and Others.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.

To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.